TGEN - Targeted Genetics Corporation Message Board

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Biotech / Medical : TGEN - Targeted Genetics Corporation

TGEN 9.890

+3.1%

Oct 31 3:59 PM EST

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To: Mike McFarland who wrote (536)	5/19/2008 7:35:42 PM
From: Mike McFarland	Read Replies (2) of 557

I listened with IE/WMP, and no slides loaded, but I'm pretty sure there are no slides available with these R&R archives. HSP went over rnai-aav, espressed rnai and the blindness study, she touched on the rationale for the AAV-TNFR studies and endpoints for the trial, she mentioned the proof of concept Huntingtons and the PNAS paper and getting around toxicity with microrna (but did say toxicity several times and I didn't get the impression that this is quite ready for much in the way of human testing) and she mentioned the heart failure program. I didn't hear anything that sounded like new information. She said there would be data at the EULAR meeting. I did not hear anything about the ASGT meeting. And she said nothing about the vaccine work. TGEN had $13M at the end of the quarter, and that is their burn rate. Ren Benjamin at Rodman & Renshaw has coverage now (starting May 1st apparently) biz.yahoo.com Partnerships and licensing hopefully will generate some funds, otherwise I should think TGEN will have to be bought out, or of course do yet another round of dilution--which would be a shame since there are only 20M shares outstanding now, so you could get the shares up with some good newsflow. My guess is that the market expects dilution, and that is why the shares stay below a buck. And one year of burn looks ugly too. With over $300 million of accumulated losses and a marketcap of just $15M, there might be some sort of tax accounting angle if this is acquired.

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